POSTED BY December 24, 2012 12:37 pm COMMENTS (2)ON
I have few questions regarding Term Insurance. Please help me to find answers for these
The questions are as below:
1. Can I buy a Term Insurance policy from one company and add Riders to it from another company?
2. Are the Premiums fixed? I mean will there be any increase in the premium to be paid during every renewal?
3. I am single now. Later can i add spouse as additional nominee (along with existing nominees – parents) to the policy I buy now?
4. Is it mandatory to buy the Riders at the time of puchasing the policy itself or can they be added later?
5. Is there any waiting period for Term Insurance policy to get activated?